RHB Investment Research Reports

Trading Stocks - Carimin Petroleum

rhbinvest
Publish date: Fri, 26 Jan 2024, 05:41 PM
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The uptrend on Carimin Petroleum may be extended after it rebounded strongly above the 21-day SMA line, while heading towards the MYR0.95 immediate resistance on surging trading volume. If a breakout occurs, the stock should test the next resistance pegged at MYR1, followed by MYR1.12. If it drops below the MYR0.87 support, this would negate the bullish setup.

Source: RHB Securities Research - 26 Jan 2024

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